Independent market research firm, Common Sense Advisory, recognizes EQHO as a leader in $40.27 billion global industry
EQHO Globalization Pte. Ltd. announced today its official ranking as one of the largest language services providers (LSPs) in the translation and interpreting industry. Issued July 2016 by independent market research firm Common Sense Advisory (CSA Research), the report titled “The Language Services Market: 2016” ranked EQHO as a top-grossing language service provider in the US$40.27 billion global market for outsourced language services and technology.
CSA Research, which has published market size estimates and global rankings for the past 11 years, found that the demand for language services continues, and is growing at an annual rate of 5.52%. As part of the study, the firm surveyed language service providers to collect actual reported revenue for 2014, 2015, and expected revenue for 2016.
EQHO is a key language services partner to organizations worldwide. In addition to supplying core transactional language services seen in its translation, voiceover, multimedia and testing offering, EQHO’s latest offerings includes Global Content Governance consulting, supported by its TEIP (Translation Efficiency Improvement Program) initiative.
EQHOs VP of Global Marketing Steven Bussey commented, “The last 12 months has seen significant changes and evolution in the company, including the appointment of a new executive team, setting up of our new games localization division www.games-localization.com, new ISO9001:2015 and ISO17100: 2015 certifications and roll-out of efficiency initiatives including our TEIP initiative. We are both extremely proud and excited to be included in this year’s Top 20 and look forward to breaking into the global top 100 in the very near future!”
As organizations both large and small address more languages, the firm predicts that the language services industry will continue to grow and that the market will increase to US$45 billion by 2020.
“Demand continues because the market for outsourced language services and supporting technology is immensely important to the businesses, government agencies, non-profits, and individuals that produce or consume information,” adds Don DePalma, CSA Research’s founder and Chief Strategy Officer.
The full report, including all regional rankings, is available as part of the firm’s research membership.
Headquartered in Raffles Place, Singapore, and with end-to-end production centers in Thailand and Laos, EQHO delivers complex, multi-discipline translation and multilingual voice services to global brand leaders, including 23 of the Forbes Top 30 companies. In 2015, EQHO’s team of 3,500 linguists translated 80 million words into 60 languages and delivered 51,666 minutes of multilingual audio. EQHO is ISO9001:2015 certified by TUV, and is recognized by the Common Sense Advisory as one of Asia’s fastest growing language service providers.
About Common Sense Advisory
Common Sense Advisory is an independent market research company specializing in translation, localization, interpreting, globalization, and internationalization analysis and consulting. www.commonsenseadvisory.com / @CSA_Research
EQHO Media Contact:
+66(0)2 637 8060